A Warrant Gives the Owner

Multiple Choice

A warrant gives the owner:

A) the obligation to sell securities directly to the firm at a fixed price for a specified time.
B) the right to purchase securities directly from the firm at a fixed price for a specified time.
C) the obligation to purchase securities directly from the firm at a fixed price for a specified time.
D) the right to sell securities directly to the firm at a fixed price for a specified time.
E) None of the above.